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LIC MF Banking & Fina Serv Fund (IDCW)

EquitySectoral / Thematic

Last Updated NAV Date: 29 Jul 2026

3 Year Returns

6.97%

NAV (₹)

21.6222

1 Day NAV Change

0.75%

No chart data available for this period.

Fund Details

Min. SIP Amount₹ 100
Min. Lumpsum Amount₹ 5000
AUM₹ 269.21 Cr
Expense Ratio3.01%
Lock-in PeriodNo Lock-in Period
Inception Date27 Mar 2015
Fund Age11 Yrs

Exit Load

12% of the unit alloted shall be redeemed without any exit load, on or before completion of 90 days from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil - if redeemed or switched out after completion of 90 days from the date of allotment of units.

Fund’s Investment Objective

The Scheme is to generate long-term capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.

Calculate Your Mutual Fund Returns

Returns Estimator

Estimation is based on the past performance

Expected Rate of Return

The value of your investment after 5 Years will be

₹4,12,432

Invested Amount

₹3,00,000

Est. Returns

₹1,12,432

Scheme’s Historical Return

1 Month Return0.78%
3 Month Return3.22%
6 Month Return-2.76%
1 Year Return2.75%
3 Year Return6.97%
5 Year Return10.54%

Asset Allocation

AUM

₹1,33,309.00 Cr

Cash Holdings

21.45%

Equity

70.84%

Cash

21.45%

Debt

1.71%

Other

6%

Sector Holdings

Last Updated: 30 Jun 2026
SectorsAllocationWeightageValue (in Cr.)
Banks
52.67%₹ 141.79
Finance
30.56%₹ 82.261
E-Commerce/App based Aggregator
6.03%₹ 16.235
Financial Services
4.43%₹ 11.926
Stock/ Commodity Brokers
4.33%₹ 11.659
Insurance
1.98%₹ 5.334

Stock Holdings

Last Updated: 30 Jun 2026
NameAllocationWeightageValue (in Cr.)Sector
ICICI Bank
13.49%₹ 36.305Banks
Axis Bank
9.76%₹ 26.273Banks
HDFC Bank
8.79%₹ 23.65Banks
AU Small Finance
5.47%₹ 14.716Banks
Bajaj Finance
4.60%₹ 12.385Finance
IndusInd Bank
3.48%₹ 9.381Banks
Nippon Life Ind.
3.39%₹ 9.138Finance
Net CA & Others
3.32%₹ 8.941Debt Others
PB Fintech.
3.03%₹ 8.154IT - Software
CreditAcc. Gram.
3.01%₹ 8.102Finance

Fund Manager Details

He has overall 13 years experience as an equity fund manager. Previous experience includes Barclays Wealth India and SBI Fund Management. post graduate in Economics and has diploma in Investment Management

Risk-O-Meter

Very High Risk

Investors understand that their principal will be at Very High Risk

Risk Scale

Low
Moderately Low
Moderate
Moderately High
High
Very High

AMC Information

LIC Mutual Fund

Funds Managed

43

Assets Managed

₹ 50,329.20 Cr

Contact Details

www.licmf.com
cs.co@licmf.com
022-66016000

Registered Address

4th Floor, Industrial InsuranceBuilding, Opp.Churchgate StatiMumbai 400 020.

Managing Director

Ravi Kumar Jha

Chief Executive Officer

Ravi Kumar Jha

Compliance Officer

Mr. Mayank Arora

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Disclaimer

The information provided on this page is for informational purposes only and should not be construed as investment advice, recommendation, or solicitation to buy or sell any securities or financial pr...

Frequently Asked Questions

You can withdraw your investment from LIC MF Banking & Fina Serv Fund (IDCW) through your mutual fund app, AMC website, or demat or stock broker online account at the applicable NAV.
The minimum investment for LIC MF Banking & Fina Serv Fund (IDCW) is ₹ 5000 for Lumpsum and ₹ 100 for SIP. You can open a demat account or login to the existing stock broker online account to get started.
LIC MF Banking & Fina Serv Fund (IDCW) has a lock-in period of No Lock-in Period. Schemes with a lock-in restrict withdrawals or redemptions for that duration, while schemes with no lock-in allow you to redeem anytime.
The average annualized return of LIC MF Banking & Fina Serv Fund (IDCW) over the past three years is 6.97%.
The current NAV of LIC MF Banking & Fina Serv Fund (IDCW) is 21.6222.
The Expense ratio of LIC MF Banking & Fina Serv Fund (IDCW) is 3.01%. It is an annual charge for running the mutual fund. You can find the same on the factsheet and the Asset Management Companies website.
The latest AUM of the LIC MF Banking & Fina Serv Fund (IDCW) fund is ₹ 269.21 Cr. It represents the total assets held and managed by the fund.
The exit load for LIC MF Banking & Fina Serv Fund (IDCW) is 12% of the unit alloted shall be redeemed without any exit load, on or before completion of 90 days from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil - if redeemed or switched out after completion of 90 days from the date of allotment of units..
The fund managers of the LIC MF Banking & Fina Serv Fund (IDCW) are Sudhanshu Asthana. However, with management's discretion, the fund manager could also change during the tenure.
LIC MF Banking & Fina Serv Fund (IDCW) was launched on 27 Mar 2015. Since then, the fund has formed an NAV (Net Asset Value) of 21.6222.

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